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Australian PPI rose by 0.5%

Australian PPI rose 0.5% in the March quarter 2017. The rise was mainly due to rises in the prices received for Electricity supply, gas supply; and water supply, sewerage and drainage services (+2.9%), Building construction (+0.5%) and Petroleum refining and petroleum fuel manufacturing (+6.8%).

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US PPI declined by 0.1%

The Producer Price Index for final demand declined 0.1 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.3 percent in February and 0.6 percent in January. On an unadjusted basis, the final demand index rose 2.3 percent for the 12 months ended March 2017, the largest increase since moving up 2.4 percent for the 12 months ended March 2012.

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China's CPI weakend in March

Chinese consumer prices weakened further in March, but were little changed compared to a year ago, while producer prices rose at a steady pace. Beijing’s official consumer price index (CPI) rose 0.9% from a year ago, after slowing to 0.8% in February, the National Bureau of Statistics said in a report on Wednesday. Analysts in a median estimate called for a year-over-year gain of 1.1%. Consumer inflation has weakened sharply over the past two months after recording its strongest expansion since mid-2014.

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UK CPI unchanged in March

The Consumer Prices Index including owner occupiers’ housing costs (CPIH, not a National Statistic) 12-month inflation rate was 2.3% in March 2017, unchanged from February. The rate has been steadily increasing following a period of relatively low inflation in 2015.Rising prices for food, alcohol and tobacco, clothing and footwear, miscellaneous goods and services were the main upward contributors to change in the rate.These were largely offset by a downward contribution from transport, particularly air fares and, to a lesser extent, motor fuels. The Consumer Prices Index (CPI) 12-month rate was also 2.3% in March 2017, unchanged from February.

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